Summer Suites, Menara Solaris

Summer Suites (also known as Mercu Summer Suites) is a leasehold SOHO building located in Menara Solaris, KLCC. There are 403 units available at this project with built-up from 493 sf. It was developed by UEM Sunrise Bhd (fka Sunrise) with a launch price at around RM700 psf, and was completed in about 2015.

UEM Sunrise Bhd (fka Sunrise) is a very large-sized real estate company listed on KLSE, and it has constructed around 59 real estate projects in Malaysia. Other similar projects by the same developer are Menara Solaris and Summer VOS.

Property Type
SOHO
Land Tenure
Leasehold
Built-up
493 sf
Market Price
RM500,000
Density
403 Units
Completed In
2015
Launch Price
About RM700 psf

This SOHO building has many amenities nearby, for example universities, metro transport stations, hospitals and schools. The following are some main universities here:

As for metro transport stations, there are LRT Dang Wangi, LRT Kampung Baru, Monorail Bukit Nanas and Monorail Medan Tuanku. There are also some hospitals here, i.e. Al Islam Specialist Hospital, Specialist Hospital Al Islam and Twin Towers Medical Center.

Lastly, the schools here are French Culinary School In Asia, SMK Convent Bukit Nanas and SMK Puteri Wilayah.

The current market prices for Summer Suites are from RM500,000 (about RM1,010 psf); while the monthly rentals are from RM2,100 (about RM4.26 psf). The highest median price psf ever recorded was RM1,076 psf in Q2 2015; while the lowest one was RM700 psf in Q1 2013.

The current rental yield of Summer Suites is around 5.09%, compared to 4.88% a year ago in Q1 2018. The highest rental yield ever recorded was 5.47% in Q3 2016; while the lowest one was 4.04% in Q3 2017. Meanwhile, the most common unit layouts and sizes available here are as follows:

Latest Summer Suites for sale listings:

DateTypeBuilt-upPrice
TodayShop-Office493 sfRM500,000
13-Aug-19Condominium1,133 sfRM950,000
13-Aug-19Condominium1,149 sfRM735,000
12-Aug-19Condominium1,438 sfRM850,000
12-Aug-19Studio493 sfRM500,000
10-Aug-19Office866 sfRM590,490
29-Jul-19Office619 sfRM580,000
14-Jul-19Office619 sfRM518,400
07-Jul-19Studio493 sfRM530,000
23-Jun-19Studio493 sfRM475,000

Latest Summer Suites for rent listings:

DateTypeBuilt-upRental
TodayRoom In Apartment-NA-RM900
07-Aug-19Room In Apartment-NA-RM1,350
01-Aug-19Condominium495 sfRM2,900
31-Jul-19Studio493 sfRM2,000
30-Jul-19Studio500 sfRM2,300
30-Jul-19Studio470 sfRM2,200
30-Jul-19Studio493 sfRM2,100
30-Jul-19Condominium577 sfRM2,600
29-Jul-19Studio500 sfRM2,400
29-Jul-19Studio500 sfRM2,300

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